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Property profile & analytics
OFF-MARKET
Estimated value
$5,920,000
Medical Office Space
5005 Parkcenter Ave, Dublin, OH 43017-3582
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2534130
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
14,052 SF
Lot
2.72 ac (118,614 SF)
APN
273-004533
UPID
US66-2534130
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Stephen Glatz Physician
-
DAVID K KIM Physician
-
KARL ANDREW FULKERT Physician
-
CHRISTOPHER F HYER Physician
-
SARAH VISELLI Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.92M
Owner & transaction history
Dublin 5005 Medical Properties LLC · 6 yrs held
Dublin 5005 Medical Properties LLC
since 2020
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+93.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dublin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dublin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,305,000
ML approach
$5,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,085,000
Change: +93% · Conversion: Difficult
Blend value · Realmo final
$5.92M
Range $5.33M – $6.51M · ±10% · vs last sale $6.73M (Jun 30 2020)
Last sale anchor
$6.73M
Jun 30 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$421 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$153,354
Tax year 2023
Assessed value
$1,715,000
Assessed 2023
Previous assessed
$1,088,640
+57.5% YoY
Effective rate
8.94%
On assessed value
Assessed land
$352,870
Assessed improvement
$1,362,130
Land market value
$1,008,200
Improvement market value
$3,891,800
Total market value
$4,900,000
Applied tax rate
273.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
14,052 SF
Lot
2.72 ac (118,614 SF)
APN
273-004533
UPID
US66-2534130
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.1M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
2.72 ac
Current owner
From public records · entity-resolved
Dublin 5005 Medical Properties LLC
Entity
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
—
Dublin 5005 Medical Prop LLC
—
Deed
related
$24,700,000 · Ally Bk
Jun 30, 2020
$6,729,500
Dublin 5005 Medical Properties LLC
Alpha Dublin Surgical LLC
Limited Warranty Deed
$132,931,453 · Ally Bank
Aug 29, 2017
$6,000,000
Alpha Dublin Surgical LLC
Dublin Surgical Properties LLC
Limited Warranty Deed
$8,290,000 · Armed Forces Bank NA
Jul 7, 2014
—
Dublin Surgical Properties LLC
—
Grant Deed
related
$3,117,795 · Huntington Nat'l Bk
Dec 3, 2009
—
Asc Columbus Surgical Props Ll
—
Deed Of Trust
related
$3,527,868 · Huntington National Bank
May 19, 2003
—
Asc Columbus Surgical Properti
—
Deed Of Trust
related
$3,694,577 · Bank One NA
Apr 16, 2003
—
Columbus S Asc
Asc Real Estate Dev LLC
Quit Claim Deed
related
$3,694,577 · Bank One NA
Feb 21, 2003
$730,000
Asc Real Estate Dev LLC
Dominion Homes INC
Grant Deed
—
Dec 9, 2002
—
Barnes Healthcare INC
Crafton Properties INC
Quit Claim Deed
related
—
Dec 9, 2002
$550,000
Dominion Homes INC
Crafton Properties INC
Grant Deed
—
Dec 9, 2002
$850,000
Dominion Homes INC
Barnes Healthcare INC
Grant Deed
—
Nov 25, 2002
—
Sugar,joseph A Tr
Crafton Properties INC
Quit Claim Deed
related
—
—
—
Crafton Properties INC
—
Deed Of Trust
related
$650,000 · Sky Bank
—
—
Dublin 5005 Medical Prop LLC
—
Deed Of Trust
related
$24,700,000 · Ally Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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